Information Services Group’s (III) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Information Services Group (NASDAQ:III) in a report published on Wednesday, Benzinga reports. Barrington Research currently has a $3.50 price target on the business services provider’s stock.

Information Services Group Price Performance

III traded down $0.04 on Wednesday, hitting $3.20. 64,035 shares of the stock were exchanged, compared to its average volume of 110,171. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23. Information Services Group has a 12 month low of $2.92 and a 12 month high of $5.36. The firm has a market capitalization of $155.73 million, a price-to-earnings ratio of -160.00, a PEG ratio of 1.46 and a beta of 0.95. The business has a 50-day moving average of $3.20 and a two-hundred day moving average of $3.65.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a positive return on equity of 7.81% and a negative net margin of 0.26%. The firm had revenue of $64.27 million for the quarter, compared to analyst estimates of $66.05 million. Sell-side analysts forecast that Information Services Group will post 0.12 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.045 per share. The ex-dividend date is Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.63%. Information Services Group’s dividend payout ratio (DPR) is currently -900.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of III. ClariVest Asset Management LLC increased its holdings in shares of Information Services Group by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock worth $351,000 after buying an additional 3,345 shares in the last quarter. Summit Global Investments increased its holdings in Information Services Group by 21.1% in the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock worth $105,000 after purchasing an additional 3,900 shares in the last quarter. Rhumbline Advisers raised its position in Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 4,075 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of Information Services Group during the second quarter valued at about $30,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Information Services Group during the first quarter valued at about $45,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.